Willis Lease Finance Co. (NASDAQ:WLFC) CFO Scott B. Flaherty Purchases 500 Shares of Stock

Willis Lease Finance Co. (NASDAQ:WLFC) CFO Scott B. Flaherty acquired 500 shares of the firm’s stock in a transaction on Wednesday, July 31st. The stock was purchased at an average price of $21.47 per share, for a total transaction of $10,735.00. Following the transaction, the chief financial officer now directly owns 72,788 shares of the company’s stock, valued at approximately $1,562,758.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

WLFC stock opened at $61.16 on Friday. The company has a 50-day moving average price of $59.12. Willis Lease Finance Co. has a 12-month low of $30.81 and a 12-month high of $64.96. The stock has a market capitalization of $366.91 million, a PE ratio of 6.95 and a beta of 0.64. The company has a debt-to-equity ratio of 4.22, a current ratio of 2.56 and a quick ratio of 1.77.

Willis Lease Finance (NASDAQ:WLFC) last released its quarterly earnings data on Monday, May 6th. The transportation company reported $3.35 earnings per share (EPS) for the quarter. Willis Lease Finance had a net margin of 15.24% and a return on equity of 20.18%. The firm had revenue of $103.77 million for the quarter.

Several hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp grew its position in shares of Willis Lease Finance by 21.1% during the fourth quarter. Bank of New York Mellon Corp now owns 47,746 shares of the transportation company’s stock worth $1,652,000 after acquiring an additional 8,307 shares during the last quarter. First Trust Advisors LP acquired a new position in Willis Lease Finance in the first quarter valued at about $224,000. Mork Capital Management LLC acquired a new position in Willis Lease Finance in the first quarter valued at about $216,000. BlackRock Inc. lifted its position in Willis Lease Finance by 2.6% in the fourth quarter. BlackRock Inc. now owns 185,660 shares of the transportation company’s stock valued at $6,424,000 after buying an additional 4,697 shares during the last quarter. Finally, Navellier & Associates Inc acquired a new position in Willis Lease Finance in the second quarter valued at about $235,000. Hedge funds and other institutional investors own 38.08% of the company’s stock.

A number of research firms have issued reports on WLFC. BidaskClub upgraded shares of Willis Lease Finance from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 19th. ValuEngine cut shares of Willis Lease Finance from a “hold” rating to a “sell” rating in a research report on Thursday.

Willis Lease Finance Company Profile

Willis Lease Finance Corporation, together with its subsidiaries, leases and services commercial aircraft and aircraft engines worldwide. The company operates through two segments, Leasing and Related Operations, and Spare Parts Sales. It also purchases and resells commercial aircraft engines; and sells aircraft engine parts and materials.

See Also: Intrinsic Value

Insider Buying and Selling by Quarter for Willis Lease Finance (NASDAQ:WLFC)

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